TransCanada is said to have reduced line’s shipments by 85% Ministers from six OPEC countries and Russia meet in Bolivia Oil extended its rally above $58 a barrel as supply disruptions on the Keystone pipeline added to optimism that the U.S. glut is waning and that OPEC will prolong its output curbs. Futures gained as much as 0.7 percent in New York to a two-year high. TransCanada Corp. was said to have cut 85 percent of Keystone’s November shipments because of last week’s spill in South Dakota. The line’s shutdown means that between 550,000 and 600,000 barrels a day of crude are not heading to the Cushing, Oklahoma distribution hub, said Michael Loewen, a commodities strategist at Scotiabank. “WTI is getting a bit of a bid from the Keystone outage,” Loewen said in a phone interview from Toronto. Oil closed above $58 a barrel in New York for the […]